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Which lecture would I find Net assets ?
I need to clarify something as I read somewhere they Long term liabilities are not included in Net asset calculations but you just told me otherwise sirIn the lectures working through Chapter 2 of the free lecture notes, when I go through the Accounting Equation.
Net assets always means total assets less total liabilities!! If you have read different then either you misread or wherever you read it was wrong.
Maybe you are thinking of net current assets, which is current assets minus current liabilities.
Then I have to view the vídeo coz they said Net assets = Total assets less Current liabilities
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